The Guptas, a wealthy Indian family living in South Africa, are at the centre of state capture allegations.

The Gupta Leaks revealed that KPMG South Africa failed to raise alarms when businesses controlled by the Gupta family diverted about R30 million of public money to pay for a family wedding.

The Gupta Leaks also exposed KPMG for its role as the auditors of the Guptas’ Linkway Trading – from which cash from the state that was earmarked for the Gupta-linked Estina dairy project in the Free State was diverted to cover the expense of a lavish family wedding, said Mail & Guardian.

On Thursday morning, Sygnia notified KPMG that it would terminate its services as external auditors, according to Mail & Guardian.

This followed a meeting between the parties on Tuesday, in which Sygnia asked hard questions of KPMG about its business with the Gupta family to ascertain how it could have missed “a big money-laundering exercise”.